Gold and Silver Decline Thursday, Aug. 5

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Palladium logged a slight gain for a second day in a row Thursday. Meanwhile, gold, silver and platinum declined.

Gold for December delivery settled down $5.60, or 0.3%, to $1,808.90 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold is trading weak relative to real yields, suggesting the metal’s micro-structure is vulnerable to a downside catalyst and we’re expecting a strong beat to Friday’s jobs data, so there could be some further momentum to the downside," Reuters quoted TD Securities commodity strategist Daniel Ghali.

Gold futures ranged from a low of $1,799.70 to a high of $1,817.90. They climbed 0.02% on Wednesday, they lost 0.4% on Tuesday, and they rose 0.3% on Monday.

Silver for September delivery shed 16.9 cents, or 0.7%, to settle at $25.292 an ounce. Silver futures traded between $25.11 and $25.57. They declined 0.5% on Wednesday, they inched up 0.03% on Tuesday, and they edged 0.1% ahead on Monday.

In other precious metals prices Thursday:

  • October platinum fell $15.60, or 1.5%, to $1,005.70 an ounce, ranging from $1,000.20 to $1,021.60.

  • Palladium for September delivery rose $3.40, or 0.1%, to $2,655.10 an ounce, trading between $2,633.50 and $2,670.

US Mint Bullion Sales in 2021

Published U.S. Mint bullion sales were unchanged Thursday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Thursday Last Week This Week / August May June July 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 6,000 15,500 20,500 158,000 49,500 649,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 15,000 10,000 56,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 30,000 0 86,000
$5 American Eagle 1/10 Oz Gold Coin 0 40,000 15,000 0 90,000 40,000 295,000
$50 American Buffalo 1 Oz Gold Coin 0 500 3,000 44,000 27,500 14,500 211,000
$1 American Eagle 1 Oz Silver Coin 0 760,000 612,500 0 2,800,000 3,104,000 19,623,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 40,000 0 0 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 0 2,900 0 0 52,900

 

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Mark D.

Not joining the whiners and Caligulites as they complain and/or rejoice about not gitten one or gitten one mint special this evening? Quiet…too quiet.

Rich

Same here Sir Kaiser and Mark D… Instead I’m riding on the Cavalcade of Wings.